RateSetter ISA hits £100 million in record time

Share On Facebook
share on Linkedin
Print

It was reported in June, subscriptions to the RateSetter ISA passed the £100 million mark.  It has taken just four months from launching the ISA to reach this milestone – faster than any other peer-to-peer platform.  So far, more than 10,000 RateSetter ISA accounts have been opened.

©

This is RateSetter’s third major milestone in the space of a month, following news that we have generated over £100 million in interest for investors without any individual investor losing a penny, and passed £2.5 billion of cumulative lending to individuals and businesses across the UK.

RateSetter CEO and founder, Rhydian Lewis OBE, said:

“The popularity of the RateSetter ISA has exceeded our expectations. With the Cash ISA in the doldrums, the RateSetter ISA has quickly become a real option for people who are seeking better returns and are prepared to accept some risk.

We look forward to building on this and welcoming many thousands more investors who want to put their money to work.”

New investor offer: £100 bonus when you invest £1,000+ for a year. Ts & Cs apply  Click here for more information

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211027 01:02:14